Economy of the European Union

Deposits keep rising in pandemic

Bank deposits recorded a new 2.5-billion-euro increase last month, as the economic support measures are helping to strengthen the liquidity of households and enterprises, according to data issued on Thursday by the Bank of Greece. The figures showed that deposits at the end of October amounted to €155.7 billion, up 1.7% in just one month from €153.1 billion at end-September.

European Commission Nods to EUR 511 Million for Support of Bulgarian Economy

 

The European Commission has approved an amendment to the Bulgarian Innovation and Competitiveness operational program, allowing the mobilization of EUR 511 million from the European Regional Development Fund and the Cohesion Fund to help the Bulgarian economy cope with the adverse effects of the Coronavirus crisis.

European Central Bank: Bulgaria Could Join Eurozone’s Waiting Room by the End of 2020

That was said by the Bank's board member Fabio Panetta

Bulgaria could join waiting room to adopt the euro until the end of 2020, European Central Bank board member Fabio Panetta said in an interview for Le Monde.

The institution praises the efforts of Bulgaria and Croatia to switch to the common currency, Panetta added. He underlined that the two countries rely on tourism.

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